Impact of IND AS Implementation - A Study on Profitability of Select Indian Companies

Authors

  • Kamal Mour Research Scholar, Royal School of Commerce (RSC) The Assam Royal Global University, Guwahati
  • Sudip Chakraborty Associate Professor, Royal School of Commerce (RSC), The Assam Royal Global University, Guwahati
  • Nikhil Bhusan Dey Emeritus Professor & Former Dean, Mahatma Gandhi School of Economics & Commerce, Assam University, Silchar

DOI:

https://doi.org/10.33516/maj.v58i9.88-92p

Keywords:

No Keywords

Abstract

To be attuned with best global practices it has become imperative to align disclosures and reporting of corporate with International Standards. Thus after a series of efforts, when the Ministry of Corporate Affairs (MCA) on 16th February, 2015 issued a notification for Indian Accounting Standards (Ind AS), India witnessed the dawn of a fresh era in reporting reforms. This was envisaged to help Indian companies to attract foreign investors and to repose their confidence in the Indian accounting system. More so, this being the initial stage, an individual cannot consider this to be totally conducive to the Indian economy. Also, it is important to calculate the effect of the implementation workout on financial statements of the firm. This research study has been directed to comprehend the implementation of Ind AS on the profitability of select Indian firms as per roadmap of Ind AS implementation. The study also attempts to identify the reasons of changes in profitability due to the application of Ind AS.

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Published

2024-03-23

How to Cite

Mour, K., Chakraborty, S., & Dey, N. B. (2024). Impact of IND AS Implementation - A Study on Profitability of Select Indian Companies. The Management Accountant Journal, 58(9), 88–92. https://doi.org/10.33516/maj.v58i9.88-92p

Issue

Volume 58, Issue 9, September 2023

Section

Ind As
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References

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IRDA, 2019. www.irda.gov.in .[Online] Available at: https:// www.irda.gov.in/admincms/cms /LayoutPages_Print. aspx?page=PageNo3188[Accessed 12TH OCTOBER 2022].

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Shikha, D. V. B. &. M. D., 2013. The Impact of International Financial Reporting Standards on Financial Statements and Ratios. The International Journal of Management, April, 2(2), pp. 1-15.

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